Frequently Asked Questions
In 2022, the market for medical imaging equipment was estimated to be worth USD 31,548.9 million.
The market for medical imaging equipment is anticipated to increase at a CAGR of 5.60% from 2023 to 2030, reaching USD 48,786.03 Million in 2030.
X-ray Imaging is the leading segment by imaging modality.
Orthopedics is the leading segment by application.
The diagnostic imaging centers segment is anticipated to register the greatest CAGR during the forecast period.
North America dominated the medical imaging equipment market with a 32.9% market share as of 2022.
The top players include GE Healthcare, Shimadzu Corporation, Genesis Medical Imaging Inc., Hologic Inc., Philips Healthcare, Siemens Healthcare, Hitachi Medical Corporation, Samsung Medison Co. Ltd, Carestream Health Inc., Fujifilm Holdings Corporation, and others.
The significant factors driving the growth of the medical imaging equipment market include rising healthcare spending, rising health screening rates, a rise in telemedicine and remote imaging, and an increase in the prevalence of chronic diseases.
The challenges limiting the growth of the medical imaging equipment market are high initial costs, rapid technological obsolescence, maintenance and training costs, regulatory compliance and standards, and limited access to underserved areas.
The medical imaging equipment market has a lot of opportunities for growth due to technological innovation and advancements, point-of-care and portable imaging, telemedicine and remote imaging, and 3D and 4D imaging applications.